UPSC EPFO APFC Test MCQ Anmol Vachan

EPFO accelerator program ( 14 September start ) ✅Daily 10 PM Bot Quiz: Practice 30 targeted MCQs every day (Sunday OFF). ✅30 MCQ with details explanation ( maths reasoning 15 MCQ without explanation) ✅ subject cover - English, Current Affairs, Maths, Reasoning, Science Computer, Labour Law, Industrial Relations, Social Security, Accounting, Auditing, Insurance, History & Culture, Polity, Economy ✅Structured Preparation: Full syllabus schedule included to keep you on track. ✅24/7 Revision: Missed the quiz? MCQs are available anytime for seamless revision. ✅Massive Question Bank: Gain access to a total of 3000+ MCQs. ✅Pre-Enrollment Fee: ₹499 (Active Now) ✅Standard Fee: ₹599 Enroll - @EPFO_admin_bot

🟩 REVENUE EXPENDITURE (REVEX) 🔹 Meaning: Revenue expenditure is expenditure incurred for the normal functioning and day-to-day operations of the government and generally does not result in creation/acquisition of assets or reduction of liabilities. 🔹 Key Features • Mainly related to running and maintaining government services. • Generally recurring in nature. • Normally does not create/acquire a new asset. • Includes expenditure necessary for the administration and functioning of government. • Recorded under the Revenue Account. 🔹 Major Examples • Salaries and wages of government employees. • Pensions. • Interest payments on government debt. • Subsidies. • Administrative expenses. • Routine repair and maintenance expenditure. • Grants-in-aid for various purposes. 🔹 Importance Revenue expenditure is necessary for: • Running government departments and institutions. • Providing public services. • Maintaining existing infrastructure and assets. • Meeting social-welfare commitments. • Servicing government debt. ⭐ Important Exam Trap Revenue expenditure ≠ unproductive expenditure. For example: • Education expenditure → can be Revenue Expenditure. • Healthcare expenditure → can be Revenue Expenditure. • Salaries of teachers/doctors → Revenue Expenditure. 👉 Such expenditure may contribute to human capital formation, but its accounting classification can still be Revenue Expenditure.

🟦 CAPITAL EXPENDITURE (CAPEX) 🔹 Meaning: Capital expenditure is expenditure incurred by the government that creates/acquires assets, enhances the utility/productive capacity of existing assets, or leads to reduction of certain government liabilities. 🔹 Key Features • Creates or acquires physical assets and certain financial assets/investments. • Enhances the productive capacity of the economy. • Can lead to reduction of government liabilities. • Generally provides long-term benefits. • Recorded under the Capital Account of government accounts. 🔹 Major Examples • Construction of roads, bridges, railways, ports and airports. • Construction of government buildings. • Purchase of machinery, equipment and other capital assets. • Land acquisition. • Government investment in shares/equity. • Loans and advances given by the government. • Expenditure that leads to reduction of government liabilities. 🔹 Importance • Builds economic infrastructure. • Increases productive capacity. • Can generate employment opportunities. • Can crowd-in private investment. • Generally contributes to long-term economic growth. ⭐ Exam Point Capital expenditure is not restricted to creation of physical assets. Government investments and certain loans & advances can also be classified as capital expenditure.

EPFO accelerator program ( 14 September start ) ✅Daily 10 PM Bot Quiz: Practice 30 targeted MCQs every day (Sunday OFF). ✅30 MCQ with details explanation ( maths reasoning 15 MCQ without explanation) ✅ subject cover - English, Current Affairs, Maths, Reasoning, Science Computer, Labour Law, Industrial Relations, Social Security, Accounting, Auditing, Insurance, History & Culture, Polity, Economy ✅Structured Preparation: Full syllabus schedule included to keep you on track. ✅24/7 Revision: Missed the quiz? MCQs are available anytime for seamless revision. ✅Massive Question Bank: Gain access to a total of 3000+ MCQs. ✅Pre-Enrollment Fee: ₹499 (Active Now) ✅Standard Fee: ₹599 Enroll - @EPFO_admin_bot

EPFO accelerator program ( 14 September start ) ✅Daily 10 PM Bot Quiz: Practice 30 targeted MCQs every day (Sunday OFF). ✅30 MCQ with details explanation ( maths reasoning 15 MCQ without explanation) ✅ subject cover - English, Current Affairs, Maths, Reasoning, Science Computer, Labour Law, Industrial Relations, Social Security, Accounting, Auditing, Insurance, History & Culture, Polity, Economy ✅Structured Preparation: Full syllabus schedule included to keep you on track. ✅24/7 Revision: Missed the quiz? MCQs are available anytime for seamless revision. ✅Massive Question Bank: Gain access to a total of 3000+ MCQs. ✅Pre-Enrollment Fee: ₹499 (Active Now) ✅Standard Fee: ₹599 Enroll - @EPFO_admin_bot

Industrial relation and labour law score out of 20?